Solar Panel Cost Guide in Wildomar, CA (2024 Update)
- Wildomar Solar Installation Cost: $6,803
- 25-Year Savings: $14,840
- Payback Period: 8.4 Years
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Average Cost of Solar Panels in Wildomar
Let’s take a look at the average cost of solar in Wildomar.
The national average cost of solar panels is $2.66 per watt, but in Wildomar it’s 3 per watt.Using this figure, a typical 2.8-kW system would cost about $6,803 before the 0 federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will look different based on factors unique to your home and what company you go with.But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically rewarding, with a net average savings of about $27,000 over 20 years on utility bills.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Wildomar
| Year | Return on Investment |
|---|---|
| 1 years | $-5,381 |
| 3 years | $-2,537 |
| 5 years | $306 |
| 7 years | $3,150 |
| 9 years | $5,994 |
| 11 years | $8,838 |
| 13 years | $11,682 |
| 15 years | $14,526 |
| 17 years | $17,369 |
| 19 years | $20,213 |
| 21 years | $23,057 |
| 23 years | $25,901 |
| 25 years | $28,745 |
Top Solar Installers in Wildomar
Installing solar panels yourself can be a dangerous undertaking, which is why using a solar installation company is a good option for many homeowners. Solar warranties and repairs are ordinarily included in the cost of installation when you go with a solar company too, which can save you more money after your upfront investment.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Wildomar
Factors that Affect Solar Panel Costs in Wildomar
The cost of installing a solar system in Wildomar can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $3,470 per kilowatt in Wildomar.There are a lot of different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Wildomar, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your overall costs, so it’s vital to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the massive popularity of clean energy solutions in Wildomar, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and choose a company that has the products, warranties and services you’re looking for and also is within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.61 | $15,157 | $28,100 | 8.8 years |
| 8 kW | $3.54 | $19,821 | $37,855 | 8.6 years |
| 10 kW | $3.47 | $24,290 | $47,804 | 8.4 years |
| 12 kW | $3.40 | $28,565 | $57,948 | 8.3 years |
| 14 kW | $3.33 | $32,646 | $68,286 | 8.1 years |
| 16 kW | $3.26 | $36,532 | $78,819 | 7.9 years |
| 18 kW | $3.19 | $40,224 | $89,545 | 7.7 years |
| 20 kW | $3.12 | $43,722 | $100,467 | 7.6 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Solar Panel Brands: The type of solar panel you want to install plays a part in which company you should opt for, since different companies have different panels.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Wildomar, CA Solar Cost FAQs
How much does it cost to install solar panels in Wildomar?
The average cost of solar panels in Wildomar is about $17,350 for a 5-kW system and $34,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Wildomar?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
How will installing solar panels impact how much my home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wildomar is currently $618,087, so you can expect a value of about $25,342 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Wildomar is a rewarding investment.
How long do solar panels last in Wildomar?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.